MONERO TO RESUME MOVE UP IN ASCENDING CHANNEL

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Monero has been on an overall uptrend since November. It is now moving within what seems an ascending channel, and very recently it has touched what can be the bottom of that channel judging by the bullish engulfing pattern in the last day's candle. If so, we can expect the price to rebound slowly back up towards the top of the channel.

The MACD is also showing signs of a potential cross and trend reversal.

For short-term, we can set up the following trade:

Buy: between 0.0273-0.0276

Take profits

@ 0.0295 for Target 1
@ 0.0325 for Target 2

With Stop-loss on 0.0240


Good luck!

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تم فتح الصفقة

Target 1 was reached a few days back.

Now the price has gone down again to the buy area. Good luck if you decide to enter the trade now, and congrats if you took the profits at the first target